However, he rejected the central warning in the National Climate Assessment, which said there will be hundreds of billions of dollars in losses by the end of the century due to climate change "without substantial and sustained global mitigation".

It said warming-charged extremes "have already become more frequent, intense, widespread or of long duration".

It also predicts that-- if not limited through stepped-up action- this warming will do major economic damage: "With continued growth in emissions at historic rates, annual losses in some economic sectors are projected to reach hundreds of billions of dollars by the end of the century-more than the current gross domestic product (GDP) of many USA states".

"I don't believe it", Trump said of the 1,600-page report by some 300 researchers from 13 federal agencies issued by the White House last week.

A new federal report says US efforts to address climate change have expanded but not enough to stave off substantial damage to the economy, environment and human health.

Speaking on Monday after the launch of the report on Friday, President Trump dismissed its conclusions. "Taken together, the actions of thousands of local leaders in their own communities and states may well enable the United States to meet our Paris commitment as former New York City Mayor Michael Bloomberg often asserts, 'no matter what Washington does". Due to United Nations rules, he can not quit the deal until after the 2020 presidential election.

"Right now, we're at the cleanest we've ever been".

After taking office he announced the U.S. would withdraw from the Paris climate change agreement, which commits another 187 other countries to keeping rising global temperatures "well below" 2C above pre-industrial levels. In October, Trump said during a visit to inspect hurricane damage in the southern state of Georgia that climate change "is going to go back and forth", rather than be permanent.

The report also said projections of damage could change if greenhouse gas emissions were curbed, although numerous impacts of climate change, like powerful storms, droughts and flooding, have already begun.

The effects will spill into global trade.

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